IQE plc: Appointment of Non-executive Directors

IQE PLC

01 July 2026

 

IQE plc

Cardiff, UK

1 July 2026

Appointment of Non-executive Directors

IQE plc (AIM:  IQE, "IQE" or the "Group"), the leading supplier of compound semiconductor wafer products and advanced material solutions to the global semiconductor industry, is pleased to announce the appointments of Robert Dennehy and David O'Carroll as Non-Executive Directors with immediate effect. Messrs. Dennehy and O'Carroll are appointed as MACOM Technology Solutions Inc.'s ("MACOM") representative directors under the Board Appointment Agreement between MACOM and IQE as previously announced on 28 May 2026.

Robert Dennehy has over 30 years of experience at MACOM, spanning product management, operations leadership and general management across the U.S. and Europe.  He has served as MACOM's Senior Vice President and Chief Operating Officer since November 2025, having previously held the roles of Senior Vice President, Operations, Vice President, Operations and Managing Director of MACOM's Cork, Ireland subsidiary.  Mr. Dennehy holds an Associate's degree in Electronic Engineering and a Diploma in Business Administration from Henley Business School, London. 

David O'Carroll has over 10 years of experience at MACOM, with particular expertise in international operations, finance, and government relations across Europe and Asia.  He has served as MACOM's Vice President since October 2023, managing facilities in France, Japan and Ireland and overseeing MACOM's Asian operations.  Mr. O'Carroll previously held the roles of Senior Director of Global Accounting Operations and International Finance Director.  He is the President of the MACOM group's French subsidiary. He is also a director on the board of several international subsidiaries within the MACOM group. 

Mark Cubitt, Chairman of IQE, commented:

"I am delighted to welcome Robert and David to the Board of IQE. I look forward to working with them and the rest of the Board as we capitalise on the opportunities ahead for the Company."

The following disclosures are made in accordance with Schedule 2(g) of the AIM Rules.

Additional information on Robert Dennehy

Robert Dennehy, aged 52, holds or has held in the past five years the following directorships or partnerships:

Current	Past (5 years)
None	None

Save as disclosed above, Mr Dennehy has confirmed that there is no further information required to be disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

Additional information on David O'Carroll

Thomas David O'Carroll, aged 51, holds or has held in the past five years the following directorships or partnerships:

Current	Past (5 years)
MACOM TECHNOLOGY SOLUTIONS LIMITED (IRELAND)	None
MACOM TECHNOLOGY SOLUTIONS (FRANCE) SAS
M/A-COM TECHNOLOGY SOLUTIONS (HOLDING) COMPANY LIMITED (IRELAND)
M/A-COM TECHNOLOGY SOLUTIONS (INTERNATIONAL) LIMITED (IRELAND)
MACOM JAPAN LIMITED
MACOM TECHNOLOGY SOLUTIONS (BANGALORE) PVT LTD (INDIA)
MACOM TECHNOLOGY SOLUTIONS (INDIA) PVT LTD

Save as disclosed above, Mr O'Carroll has confirmed that there is no further information required to be disclosed pursuant to Schedule 2, paragraph (g) of the AIM Rules for Companies.

MACOM has a beneficial interest in IQE, representing 11.5% of IQE's issued share capital. Mr Dennehy and Mr O'Carroll have no direct beneficial interests in IQE's issued share capital.

There is no further information to be disclosed pursuant to Rule 17 or Schedule Two, paragraph (g) of the AIM Rules for Companies.

Contacts:

IQE plc

[phone]

Jutta Meier

Mark Cubitt

Amy Barlow

Peel Hunt (Nomad and Joint Broker)

[phone]

Ben Cryer

Kate Bannatyne

Adam Telling

Deutsche Numis (Joint Broker)

[phone]

Hugo Rubinstein

Iqra Amin

Headland Consultancy (Financial PR)
+ 44 (0) 20 38054822

Andy Rivett-Carnac: [phone]

Chloe Francklin: [phone]

ABOUT IQE

http://iqep.com

IQE is the leading global supplier of advanced compound semiconductor wafers and materials solutions that enable a diverse range of applications across:

·    Smart Connected Devices

·    Communications Infrastructure

·    Automotive and Industrial

·    Aerospace and Security

As a scaled global epitaxy wafer manufacturer, IQE is uniquely positioned in this market which has high barriers to entry. IQE supplies the global market and is enabling customers to innovate at chip and OEM level. By leveraging the Group's intellectual property portfolio including know-how and patents, it produces epitaxy wafers of superior quality, yield and unit economics.

IQE is headquartered in Cardiff UK, with employees across manufacturing locations in the UK, US and Taiwan, and is listed on the AIM Stock Exchange in London.

 

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